InFinT Acquisition Co. (NYSE:IFIN) Short Interest Up 100.0% in April

InFinT Acquisition Co. (NYSE:IFIN) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, an increase of 100.0% from the March 31st total of 100 shares. Based on an average daily volume of 31,300 shares, the days-to-cover ratio is presently 0.0 days.

InFinT Acquisition Price Performance

NYSE:IFIN traded up $0.01 during trading hours on Friday, hitting $11.50. 434 shares of the company’s stock traded hands, compared to its average volume of 5,742. The business’s fifty day simple moving average is $11.42 and its two-hundred day simple moving average is $11.28. InFinT Acquisition has a 52 week low of $10.65 and a 52 week high of $11.54.

Insiders Place Their Bets

In related news, major shareholder Cowen Inc. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.36, for a total transaction of $56,800.00. Following the completion of the transaction, the insider now owns 374,878 shares of the company’s stock, valued at $4,258,614.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 43.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BCK Capital Management LP bought a new stake in InFinT Acquisition during the fourth quarter worth about $449,000. Spartan Fund Management Inc. bought a new position in shares of InFinT Acquisition during the 3rd quarter valued at about $1,753,000. Westchester Capital Management LLC raised its holdings in shares of InFinT Acquisition by 46.1% during the 3rd quarter. Westchester Capital Management LLC now owns 409,561 shares of the company’s stock valued at $4,517,000 after buying an additional 129,287 shares in the last quarter. Glazer Capital LLC lifted its position in InFinT Acquisition by 1.9% in the 4th quarter. Glazer Capital LLC now owns 454,214 shares of the company’s stock worth $5,096,000 after buying an additional 8,344 shares during the last quarter. Finally, Cowen AND Company LLC boosted its stake in InFinT Acquisition by 113.6% in the fourth quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock worth $5,954,000 after buying an additional 282,233 shares in the last quarter. 56.01% of the stock is currently owned by institutional investors.

InFinT Acquisition Company Profile

InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, share reconstruction, and amalgamation with similar business combination with one or more businesses or entities. It intends to focus on businesses in financial services and technology sectors in North America, Asia, Latin America, Europe, and Israel.